Spark Therapeutics to open Boston-area office
Philadelphia-based Spark Therapeutics, a for-profit company spun out of nonprofit Children's Hospital of Philadelphia, said Wednesday that it would open a "satellite" office in the Boston suburb of Waltham, Mass.
Philadelphia-based Spark Therapeutics, a for-profit company spun out of nonprofit Children's Hospital of Philadelphia, said Wednesday that it would open a "satellite" office in the Boston suburb of Waltham, Mass.
Spark has been the most prominent Philadelphia company trying to make money by using gene therapy to cure or treat diseases. In October, it reported positive results from a late-stage study of its most advanced gene-therapy product, meant to treat rare genetic eye problems.
Jeffrey Marrazzo, co-founder and CEO of Spark, said in a statement that the company is growing to meet its clinical testing and future commercial needs. Spark has said it plans to seek approval from the U.S. Food and Drug Administration for its eye treatment early in 2016.
"Our presence in the greater Boston area puts Spark in a prime position to readily access top talent in both burgeoning biotech hubs," Marrazzo said in a statement.
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